AccountsIQ Pricing, Features, Reviews & Comparison of Alternatives

AccountsIQ

Cloud-based accounting software for medium-sized businesses

4.88/5 (16 reviews)

AccountsIQ overview

What is AccountsIQ?

AccountsIQ is cloud accounting software for medium-sized companies that assists businesses in construction, retail, hospitality, and other sectors with group accounting, cash flow forecasting, budgeting, and financial reporting. It enables stakeholders to gain visibility into payments due, funds allocation and customer balances, and quickly process electronic invoices and statements on a unified platform.

AccountsIQ provides a customer portal, which allows customers to access their account details and print invoices and financial statements. Finance teams can utilize the accounts payable automation functionality to track various types of invoices including batch post purchase, advance payment, and forward-dating invoices as well as credit notes. Organizations can also leverage the business intelligence in order to assign transaction types to relevant projects, divisions, cost centres, departments, and funds. AccountsIQ is designed for businesses with multiple international subsidiaries, providing finance functions tools to consolidate accounts across subsidiary companies, collaborate remotely and access detailed business intelligence.

AccountsIQ offers an API, which lets businesses integrate the system with several third-party platforms such as Salesforce, iSAMS, Concur, AutoEntry, Kefron, Fourth, TransferMate, BrightPay, and more. Other features include workflow management, collaboration, document management, consolidated reports, PSD2 compliance review, tax processing, and more.
www.accountsiq.com

Pricing

Starting from
$280/month
Pricing options
Subscription
Free trial
Value for money
View Pricing Plans

Devices

Business size

S
M
L

Markets

United Kingdom

Supported languages

English
AccountsIQ screenshot: AccountsIQ bankingFrench Duncan Wins Bigger Business in the International Hotel Sector With AccountsIQAccountsIQ screenshot: AccountsIQ accounts payableAccountsIQ screenshot: AccountsIQ general ledgerPwC Chooses AccountsIQ for Outsourced Accounting.

AccountsIQ reviews

Excellent
14

Very good
2

Average
0
Poor
0
Terrible
0
Value for money
Features
Ease of use
Customer support
  4.9
  4.9
  4.6
  4.8
Alastair Manson

Accounts IQ transformed our business

Used daily for 1-2 years
Reviewed 2020-06-19
Review Source: Software Advice

Accounts IQ has helped us to create a much more streamlined, better-controlled and more effective finance team. The back office processes are more efficient, and the enhanced reporting provides us with deeper and richer insights into our business performance. The price point is also very reasonable for the level of functionality that we now have.

Pros
Being cloud-based has been a significant factor for us. One of the main other reasons for selecting Accounts IQ was the consolidation functionality which works really well. In terms of fitting in with our business processes, it gives us so much more functionality that it has helped to drive necessary changes in the way that we operate, in a very beneficial way.

Cons
The only real challenge we found was with our staff getting used to a different software system to do their work. Otherwise it has only improved our processes, controls and reporting.

Response from AccountsIQ


Thanks Alastair for such a glowing review!

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 10/10

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Nick Treanor

AccountsIQ Saves us a Day a Week in Processing Time

Used daily for 2+ years
Reviewed 2018-08-09
Review Source: Capterra

The structure of the coding framework in AccountsIQ is extremely flexible and saves us so much time when preparing our external financial reports. We have added seven or eight entities since implementing AccountsIQ and we simply replicate the original model for each new subsidiary. It is a very uncomplicated approach and a time-saving solution for group companies. We've integrated AccountsIQ with other business systems such as electronic document management and a property management system. These integrations save us so much time and reduce the risk of human error. AccountsIQ also synchs batch payments with our online banking, which also reduces duplication of work. AccountsIQ’s customer success team are excellent. They helped us define dashboard reports which provide financial analysis in a very consumable way, allowing us to quickly identify areas in which we need to take action.

Pros
AccountsIQ saves us a day a week in processing time in data entry from other business systems, reconciliation, and automated invoice processing which allows us to spend more time on strategic tasks such as analysing and presenting information so that the senior management team can make more informed decisions. AccountsIQ simplifies complex consolidation procedures; and has enabled us to integrate information from our property management system Landmark; and provide insightful management reports using dashboards. We like the fact it has helped us streamline processes, it saves us a huge amount of time, it's a scalable system too. The advanced Business Intelligence, reporting and consolidation functionality are very good. We need to produce reports for our investors and it's really easy to get these on demand from AccountsIQ.

Cons
There isn't anything I don't like and we're glad we found AccountsIQ.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 9/10

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Lorraine O'Neill

AccountsIQ Review

Used daily for 1-2 years
Reviewed 2020-08-11
Review Source: Software Advice

Very positive experience with AIQ , great functionality within the system , ease of use

Pros
Ease of use vs other ERP systems eg Sap . Staff learn to use this system very quickly Audit trail of information is very easy to follow

Cons
More options should be available within report writing or building

Response from AccountsIQ


Thanks Lorraine for your kind review. we're glad you find AccountsIQ easy to use. We have also introduced a new Management reporting pack which contains key KPI reports, Profit & Loss reports, Balance Sheet, Cashflow statements, Debtors and Creditors reports. We'll be in touch to make sure you can access these. Also our Power BI integration means you can customise reports and present them in highly visual formats.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 8/10

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Gerry McNally

Staff & clients love using AccountsIQ software, it allows us to access live information in the cloud

Used daily for 2+ years
Reviewed 2018-02-13
Review Source: Capterra

Pros
AccountsIQ helped us to move away from the old model of sharing data sets with clients. We can work much more easily with our clients now, sharing access to the same real-time information stored in the Cloud. AccountsIQ has become an important part of our ongoing development, and is part of our strategy to move forward. The software enables us to offer our services to new consumer-based sectors such as retail, and will allow us to process much higher volumes of transactions through automated Accounts Payable. We have over 40 clients supported on AccountsIQ. With AccountsIQ we can work collaboratively and they respond to our needs and work with us to improve the accounting service we provide to clients. We feel we have the partnership we were looking for. The next step is integrating with CRM software and banking software.

Rating breakdown

Value for money
Ease of use
Features
Customer support

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Ian Bremner

Easy to use with advanced reporting and consolidation functionality and a flexible, scalable system.

Used daily for 1-2 years
Reviewed 2017-09-27
Review Source: Capterra

Consolidation and multi-currency accounting Easy to produce hotel industry reports Faster invoice processing Reduced risk of human error Remote access Extended business analytics Easy integration with other systems

Pros
AccountsIQ is an advanced accounting solution which helps us attract business from larger, multinational hotel groups. Its complex functionality gives us the level of complexity, reporting and consolidation needed to win business at the higher end of the market e.g. multi-company consolidation and multi-currency accounting. We find AccountsIQ easy to use and it can be easily configured to pull off bespoke reports easily. AccountsIQ's open API means it is easily integrated with other apps such as AutoEntry's document scanning, this combined solution means we save hundreds of hours a month on data capture, analysis and processing of invoices and reduces the risk of human error. The business intelligence for clients is fantastic with customised dashboards and readily available insights.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 10/10

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AccountsIQ pricing

Starting from
$280/month
Pricing options
Subscription
Free trial
View Pricing Plans

Pricing is based on functionality/modules needed and number of entities, please contact AccountsIQ directly for pricing information.

AccountsIQ features

API
Accounting Integration
Accounting Management
Activity Dashboard
Billing & Invoicing
Customizable Reporting
Electronic Payments
Expense Tracking
Financial Analysis
Invoice Management
Invoice Processing
Multi-Currency
Reporting & Statistics
Third Party Integration

Audit Trail (143 other apps)
Automatic Notifications (174 other apps)
Compliance Management (197 other apps)
Data Import/Export (193 other apps)
Real Time Data (154 other apps)
Workflow Management (161 other apps)

Videos and tutorials

Additional information for AccountsIQ

Key features of AccountsIQ

  • Accounts Payable
  • Accounts Receivable
  • Budgeting/Forecasting
  • CPA Firms
  • Collections
  • Financial Reporting
  • Fund Accounting
  • Government
  • Nonprofits
  • Purchase Orders
  • Spend Management
  • Tax Management
View All Features

Benefits

• Multi-dimensional reporting - users can easily interpret company performance with 250 standard reports, dashboards and management packs. Custom reports can be produced by user easily via the Excel Add-In and Power BI connectors.
• Automated consolidation feature saves a huge amount of time and means multiple companies and different currencies can be consolidated at the click of a button.
• Accounting and budgeting - General Ledger, budgeting, cash flow forecasting, management and reporting, multi-currency transactions
• Simultaneous real-time access to accounting records and easy drill-down to business documents
• Flexible BI coding and General Ledger allows detailed and granular reporting and you can benchmark performance across the group or branch network.
• Mobile applications help streamline workflow approval of purchase orders and invoices and employees can easily submit and approve expenses with the Expense Capture App.
• The Time and Expenses Module helps users manage projects and avoid Revenue Leakage.
• A simple to use stock management facility, allows users to manage multiple price lists and stock locations.
• System is fully scalable in terms of user and transaction volumes and easy to add on extra entities and modules.
• Integrates with other cloud business systems such as Salesforce, TransferMate Global Payments, BrightPay Payroll etc.